Remittances from Egyptian expatriates increased in the first quarter of the 2019/2020 fiscal year to reach $6.7 billion, the Central Bank of Egypt said on Tuesday.

Remittances increased by 13.6 percent year on year in the quarter, up from $5.9 billion in the first quarter of the 2018/2019 fiscal year.

Remittances are one of the country’s main sources of foreign currency.



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